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IRS Compliance

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Offshore Crypto Exchanges and the New Global Tax Reporting Regime (OECD CRS)

In an era of heightened tax scrutiny, the world’s major economies are extending their reach into the once-borderless realm of cryptocurrency. A new global tax transparency framework is emerging, built on the OECD’s Common Reporting Standard (CRS) and its forthcoming crypto-specific addendum. This framework, influenced by America’s FATCA, promises to rope in offshore crypto exchanges […]

May 26, 2025
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  • Future Regulations
  • Crypto Taxation
  • IRS Compliance

Crypto Wash Sales: Are New Tax Rules Closing the Loophole?​

May 23, 2025

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Bitcoin and Ethereum Hold Ground as Markets Eye Fed Move—What Might Come Next?

Crypto markets are coasting along with Bitcoin hovering just above the $112K mark and Ethereum lingering around $4.3K—but beneath that calm, there's an electric buzz. Traders are increasingly betting on the Fed cutting rates soon, and that alone is lifting sentiment—even though everyone’s still a little bated for actual confirmation. Bitcoin: knocking on the $115K […]

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Crypto Taxation

Crypto Wash Sales: Are New Tax Rules Closing the Loophole?​

As of May 1, 2025, the Internal Revenue Service (IRS) continues to classify cryptocurrencies as property, not securities. This distinction means that the traditional "wash sale" rule, which disallows claiming a tax deduction for a loss on a security sold and repurchased within 30 days, does not currently apply to digital assets like Bitcoin and […]

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